LOCAL EXCHANGE TRADING SYSTEMS (LETS) AS ALTERNATIVE TO THE CAPITALIST ECONOMIC SYSTEM

POPESCU Doris-Louise , Lucian Blaga University of Sibiu

Abstract:
The phenomenon of LETS emerged as reaction to the deficiencies of the capitalist economic system. Far from diminishing its importance in society, the Local Exchange Trading Systems are multiplying, communities from all over the world embracing with enthusiasm this new vision on economy. A certain revitalization of the topic occurs during the economic crisis. Since a new crisis appears as imminent, approaching this subject is more than appropriate. Our study aims in pointing out the way the Local Exchange Trading Systems are positioning in relation to the main principles of the capitalist system, respectively to set forth in what consists the alternative economic vision promoted by LETS.

Keywords: trading system, capitalism, local economy, exchange

JEL Classification: A14, Z13

Volume: 70, Issue: 6

Pages: 30 - 34

Publication date: December, 2018

Download the article: http://economice.ulbsibiu.ro/revista.economica/archive/70604popescu.pdf

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